Oil Sands Mining News

'Out of control' Canada’s wildfires close to Kinder Morgan’s pipeline

Some of the worst fires, raging in BC’s interior, have grown overnight.

Canada’s Alberta forks over $50 million for emissions cuts at oil sands

Another $30 million will go to help fund 12 projects that tackle methane emissions in the province.

Canada’s Desjardins mulls scratching pipeline loans on environmental concerns

The lender has been evaluating its pipeline-related policy for months and said it may make the decision of not financing those kinds of projects permanent before year-end.

Apache joins foreign exit from Canada's energy sector

Another international oil company is marking its exit from Canada’s energy sector – this time Houston-based Apache Corp.

Don't hold your breath for deeper OPEC cuts

The rally in oil prices over the past two weeks came to a halt on Wednesday on news that OPEC is actually exporting more oil than previously thought.

Is a big move in oil prices due?

In options trading, a straddle is literally a sit-on-the-fence strategy.

Teck Resources grabs Goldcorp’s stake in Mexican project for $50 million

After acquiring Goldcorp's 21% in San Nicolás, Canada's largest diversified miner will be the Zacatecas-based copper-zinc project sole owner.

Quebec's economy benefits from Canada's oil sands: study

The study found Canada's oil sands had a substantial impact on Quebec's economy in terms of employment, gross domestic product (GDP) and tax revenue, in a 12-month period between 2014 and 2015.

Is there still hope for higher oil prices?

Oil prices have cratered in recent weeks, dipping to their lowest levels in more than seven months and any sense of optimism has almost entirely disappeared.

Cenovus CEO to retire as company sells up to $5bn in non-core assets

News come as the Calgary-based firm is trying to win over investors upset by its $17.7-billion acquisition of oil sands and natural gas assets from ConocoPhillips Co.

Oil prices set to rebound

The unpredictability of today’s oil market is leaving some investors burned by unexpected price gyrations.

Oil sands projects growth to drive need for more pipelines — CAPP

Canada will need more pipelines built through to 2030 to transport an additional 1.3 million barrels per day of oil sands production to markets across North America and around the world, according to the Canadian Association of Petroleum Producers.

Weir Group expands into Asia with Singapore firm acquisition

Move seeks strengthening the firm’s position as energy markets recover.

CHART: Commodity prices slump to 50-year low against US stocks

S&P500 most expensive compared to commodities since late 1960s despite last year's rally in metals and mineral prices.

Has Permian productivity peaked?

According to the EIA's Drilling Productivity Report, productivity (as opposed to absolute production) is set to fall next month in the Permian Basin.

New BC government could jeopardize Canadian oil exports

The upcoming change in British Columbia’s government could stall the Canadian oil industry’s plans to compete globally by exporting crude to Asia—the world’s fastest growing refining market of which Middle Eastern producers, Russia, and now the U.S. are vying for market share.

Successful partnership makes fly-in/fly-out easier

Managing large-scale camps in remote locations involves balancing complex components across various systems.

Kinder Morgan Canada falls in trading debut on concerns over Trans Mountain project

Construction of the $7.4 billion project is scheduled to begin in September and should be completed by December 2019.

Panel looks to overhaul Canadian oil and gas project approvals

Only after a project got a conditional yes or no from the federal government would it enter a two-year environmental review.

Today's stunted oil prices could cause oil price shock in 2020

As oil prices remain unsteady and OPEC continues to make headlines every hour, the world is focused on oil's immediate future.

Shell speeds up exit from oil sands, selling stake in Canadian Natural Resources

Transaction could become one of the country’s one of the biggest-ever equity sales.

Cenovus completes acquisition of assets in Western Canada from ConocoPhillips

Cenovus Energy Inc. has closed its previously announced purchase of assets in Western Canada from ConocoPhillips after receiving all necessary regulatory approvals for the transaction.

China successfully mines flammable ice from the South Sea

During the mining trial done at a depth of 4,153 feet, engineers extracted each day around 16,000 cubic metres of gas, with methane content of up to 99.5%.

U.S. shale is immune to an oil price crash in 2017

Since OPEC announced the production cut deal at the end of November, industry analysts have been warning that rising production from producers outside the deal—U.S. shale in particular—is effectively capping the oil price gains from that agreement.

Suncor plans to build new oil sands project in Canada

The Lewis project would be located about 25 km northeast of Fort McMurray and could eventually produce up to 160,000 barrels a day.